Approved power project at Kasargod, Kerala by Kasargod Power Corporation Pvt. Ltd., Kerala u/s 10(23G) - S.O.1693 - Income Tax

Approved power project at Kasargod, Kerala by Kasargod Power Corporation Pvt. Ltd., Kerala u/s 10(23G) NOTIFICATION NO. S.O.1693 DATED 27-6-2001 It is notified for general information that enterprise/industrial undertaking, listed at para. (3) below, has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2001-2002, 2002-2003 and 2003-2004. 2. The approval is subject to the condition that-- ( i ) the enterprise/industrial undertaking will conform to and comply with the provisions of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962; ( ii ) the Central Government shall withdraw this approval if the enterprise/undertaking-- ( a ) ceases to carry on infrastructure facility; or ( b ) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962; or ( c ) fails to furnish the audit report as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962. 3. The enterprise/industrial undertaking approved is 2 * 10.589 mw. power project at Kasargod, Kerala by Kasargod Power Corporation Pvt. Ltd., 5-332, Bare Village, Kasargod District, Kerala (F.No. 205/28/2001-ITA-II). [Notification No. 194/2001/F.No.205/28/2001-ITA-II.]